Child support is a much-disputed aspect of many divorces and co-parenting situations. Typically, courts examine the child’s needs and the income of each parent. Parents are expected to share equally in the caretaking and expenses of the child, and the support determination is meant to reflect that.
In some situations, however, one parent earns significantly more income than the other parent. The courts expect that children should be able to reap the benefits of the good fortune of both parents, and there are ways that the courts make those additional resources available for the advantage of the child.
Florida Courts Typically Follow the Income Shares Model of Child Support
There are a number of ways that states determine child support, but
A Good Fortune Trust Protects the Financial Interest of the Child
How a Good Fortune Trust Is Established in
First, the courts determine child support payments based on the current guidelines. Next, they determine the needs of the child. The difference between the payment based on the guidelines and the payment amount for the day-to-day life of the child is placed in a good fortune trust for the child to use when he becomes an adult. This allows the child to reap the benefits of the wealth of his parents, as only he can use the funds from the trust.
High Profile Cases
Good fortune trust cases can attract the attention of the community and media. When popular rapper Flo Rida was taken to court for over child support in
At Martinez-Scanziani & Jimenez Law, our dedicated attorneys understand the significant impact a divorce can have on a family, especially when high income or high profile parents are involved. Our legal team is here to provide the guidance, support, and privacy your family deserves. Call our